Global X Dax Germany ETF (NASDAQ:DAX) Sees Significant Decline in Short Interest

Global X Dax Germany ETF (NASDAQ:DAX) was the target of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 61,700 shares, a drop of 6.7% from the March 15th total of 66,100 shares. Based on an average daily volume of 9,500 shares, the short-interest ratio is presently 6.5 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. UBS Group AG grew its holdings in Global X Dax Germany ETF by 113.0% during the 1st quarter. UBS Group AG now owns 1,229 shares of the exchange traded fund’s stock worth $34,000 after acquiring an additional 652 shares during the period. Jane Street Group LLC increased its holdings in Global X Dax Germany ETF by 1.4% in the first quarter. Jane Street Group LLC now owns 34,847 shares of the exchange traded fund’s stock worth $980,000 after purchasing an additional 498 shares in the last quarter. Citadel Advisors LLC acquired a new position in Global X Dax Germany ETF in the second quarter valued at approximately $1,374,000. LPL Financial LLC bought a new position in shares of Global X Dax Germany ETF during the 1st quarter worth approximately $1,378,000. Finally, OLD Mission Capital LLC grew its position in shares of Global X Dax Germany ETF by 92.1% during the 1st quarter. OLD Mission Capital LLC now owns 26,215 shares of the exchange traded fund’s stock worth $769,000 after buying an additional 12,568 shares during the period.

Global X Dax Germany ETF Price Performance

Shares of DAX opened at $31.71 on Thursday. The business has a 50-day moving average of $32.14 and a 200-day moving average of $30.16. Global X Dax Germany ETF has a 1 year low of $25.90 and a 1 year high of $33.57. The company has a market capitalization of $54.54 million, a price-to-earnings ratio of 9.42 and a beta of 1.01.

About Global X Dax Germany ETF

The Global X DAX Germany ETF (DAX) is an exchange-traded fund that is based on the DAX index, a market-cap-weighted, total return index of the 30 largest and most liquid securities traded on the Frankfurt Exchange. DAX was launched on Oct 22, 2014 and is managed by Global X.